Marco Investment Management LLC maintained its stake in shares of U.S. Bancorp (NYSE:USB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,627 shares of the financial services provider’s stock at the close of the 2nd quarter. Marco Investment Management LLC’s holdings in U.S. Bancorp were worth $344,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Stelac Advisory Services LLC bought a new position in shares of U.S. Bancorp during the 2nd quarter worth approximately $103,000. SRS Capital Advisors Inc. grew its stake in shares of U.S. Bancorp by 17.0% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,547 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 371 shares in the last quarter. Pathstone Family Office LLC grew its stake in shares of U.S. Bancorp by 13.2% during the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after acquiring an additional 386 shares in the last quarter. Hudock Capital Group LLC grew its stake in shares of U.S. Bancorp by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,804 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 17 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its stake in shares of U.S. Bancorp by 16.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,905 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 74.40% of the company’s stock.

USB has been the subject of several research reports. Nomura raised their price target on shares of U.S. Bancorp from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Zacks Investment Research cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. BidaskClub cut shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Citigroup Inc. reaffirmed a “neutral” rating and set a $58.00 price target (up from $53.00) on shares of U.S. Bancorp in a research note on Monday, October 9th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price target on shares of U.S. Bancorp in a research note on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $54.19.

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U.S. Bancorp (NYSE USB) opened at $51.91 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. U.S. Bancorp has a 52-week low of $48.78 and a 52-week high of $56.61. The company has a market cap of $86,140.00, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86.

U.S. Bancorp (NYSE:USB) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.60 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities analysts predict that U.S. Bancorp will post 3.43 EPS for the current year.

About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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